Industry Notes

Earlier today, the California Supreme Court ruled the state’s Proposition 22, which was passed in 2022, as constitutional after a group of rideshare drivers and labor unions challenged the constitutionality of the legislation. Recall, Proposition…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of June, which was somewhat above seasonal trends including some healthier hybrid electric vehicle trends. More to the…

This morning, Bloomberg is reporting that New York City’s Taxi and Limousine Commission (TLC) is working on developing a stricter set of rideshare driver pay rules, which are expected to be introduced over the next…

We think the “expectations game” proves more complex for CQ2 EPS season than recent quarters. On one hand, we believe CQ2 expectations were generally set at reasonable levels especially since our checks suggest a healthy…

Yesterday, Lyft (LYFT; $14.02; O/P) and Uber Technologies (UBER; $72.44; O/P) reached an agreement with the Massachusetts State Attorney General’s office to set a minimum wage standard and offer a range of benefits for rideshare…

Yesterday, the European Automobile Manufacturers Association released car registration data from the region for the month of May, which was somewhat below seasonal trends including some weaker battery electric vehicle (BEV) registration trends that should…

We think recent EPS prints from Atkore (ATKR; $143.65; NR), Eaton (ETN; $326.59; NR), Hubbell (HUBB; $381.62; NR), Johnson Controls (JCI; $71.95; NR) and WESCO International (WCC; $177.98; NR) point to further momentum on the…

Amazon (AMZN; $180.28; NR) looks to be tightening its on-demand food delivery partnership with Just Eat Takeaway.com’s (TKWY.NL; €12.19; NR) Grubhub with today’s announcement that Prime members can now activate a free Grubhub+ subscription that…

Last week, we attended the Advanced Clean Transportation (ACT) Expo in Las Vegas, which highlighted healthy commercial interest from fleet operators, port authorities, and a range of enterprises, including electric utilities and energy companies, in…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of April, which were somewhat above seasonal trends including a bit healthier battery electric and hybrid electric vehicle…

Our latest look at aggregate inventories up and down the supply chain suggested some more YoY improvements towards a return of more normalized inventories, albeit in the context of some typical seasonal increases in March…

This morning, Maplebear, doing business as Instacart (CART; $36.53; E/W) and Uber Technologies (UBER; $71.51; O/P) announced a surprising strategic partnership whereby customers will be able to use the Instacart app to order food delivery…

As per our prior report (“A Powerful Data Center Conference”; 4/17), we spent a few days last week at Data Center World in Washington DC, where the wild level of bullishness we highlighted from our…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of March, which was somewhat below seasonal trends including weaker electric vehicle registration trends that should be measured…

This week, we are spending time at what appears to be a very well attended Data Center World in Washington D.C. where we had the opportunity already to hear from and chat with managers representing…